EURUSD The U.S. dollar managed to recover slightly Vs. the Euro on yesterday following the FOMCs unchanged stance but the Euro consolidated in the 1.3530 area during the Asian session and it is recovering now. Support is seen in the 1.3530 formed by the mid-term trendline started on 26 of March, backed by 1.3500 and Read More
Wednesday 05.09.2007
EURUSD The Euro declined on yesterday and it is currently consolidating near the multi-week lows in the 1.3540 area. Support is formed at 1.3535 backed by 1.3515, 1.3500 and 1.3480. Resistance emerges at 1.3550 followed by 1.3580, 1.3600 and 1.3620. The daily sentiment is bearish, hourly is neutral and everybody is waiting for the rate Read More
Tuesday 05.08.2007
EURUSD The Euro traded in a narrow range on yesterday, consolidating ahead of the upcoming economic events. Support is currently seen at 1.3600 backed by 1.3580, 1.3530 and 1.3500. Resistance emerges at 1.3620 followed by 1.3680 and 1.3700. Both hourly and daily studies are slightly bullish. The Euro seem well supported by the 1.3600 mark Read More
Monday 05.07.2007
EURUSD The market reaction to the NFP release on Friday has encouraged the bulls once again as the Euro rallied towards the 1.36 area, finding support at 1.3580. Support is currently seen at 1.3600 backed by 1.3580 and 1.3550. Interim resistance is noticed at 1.3610 followed by 1.3620, 1.3660 and 1.3680. The daily momentum is Read More
Friday 05.04.2007
EURUSD After it failed to get past the resistance at 1.3620, the Euro declined and reached 1.3535 during today’s Asian session. Support is currently seen at 1.3525 backed by 1.3500 and 1.3465. Resistance is noticed at 1.3560, which is being tested now, followed by 1.3600 and 1.3620. Higher, we have the all-time high which is Read More
Thursday 05.03.2007
EURUSD The Euro couldn’t find support at 1.3600 and it is currently orbiting around it. Support was found at 1.3580 backed by 1.3560 and 1.3525. Resistance emerges at 1.3615 followed by 1.3655 and 1.3680. Daily sentiment is slightly bearish but the hourly is bullish. The daily momentum may turn bullish if the market will close Read More
Wednesday 05.02.2007
EURUSD The third test of 1.3680 failed and the Euro declined on yesterday, finding temporary support around 1.3600 but then resuming the decline during today’s Asian session. Support is currently formed at 1.3555 backed by 1.3525 and 1.3500. Resistance emerges at 1.3600 followed by 1.3620 and 1.3680. The daily studies are slightly bearish now due Read More
Tuesday 05.01.2007
EURUSD The Euro tested 1.3680 for the second time on yesterday but it didn’t had enough strength to break it, looking quite exhausted after the rally it started in the 1.3590 area at the beginning of the EU session. Support is formed at 1.3635 backed by 1.3600 and 1.3585. Minor resistance is seen at 1.3655 Read More
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